LONDON--Advertizing firm WPP PLC (WPP.LN) said Friday that its operating company Grey, has acquired a majority stake in Maruri Publicidad S.A., a communications services company in Ecuador for an undisclosed sum.

Maruri's unaudited gross revenues were almost $10 million as of December 31, 2015 with gross assets of $4 million as of the same date.

Founded in 1991, Maruri employs 130 people and is based in Guayaquil with an office in Quito.

WPP said the acquisition continues WPP's strategy of investing in faster-growing markets such as Latin America.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

August 05, 2016 10:19 ET (14:19 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
WPP (NYSE:WPP)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more WPP Charts.
WPP (NYSE:WPP)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more WPP Charts.